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Tron founder Justin Sun has filed a lawsuit against World Liberty Financial, a crypto and stablecoin company that he says is backed by members of former U.S. President Donald Trump’s family. Sun alleges the firm unfairly restricted access to his $WLFI tokens, used misleading practices, and harmed his reputation through threats and defamatory claims.
According to the complaint, Sun invested $45 million in $WLFI tokens in 2024 after being approached by World Liberty Financial. He says his decision was influenced by the project’s promise to support decentralized finance (DeFi) adoption and its high-profile political connections.
Tensions escalated after Sun declined additional investment requests, including participation in minting the firm’s USD1 stablecoin.
Sun claims World Liberty Financial misrepresented the rights associated with its tokens, including governance participation and transaction freedom. He alleges that although the company branded itself as decentralized, it retained centralized control over token operations.
A central allegation involves a smart contract modification in August 2025 that introduced a “blacklisting” feature. Sun says this capability allows the firm to freeze tokens without investor approval or proper disclosure.
Sun argues that freezing his tokens served strategic purposes. He alleges it was intended to pressure him to mint up to $200 million worth of USD1 and to artificially stabilize the token’s market price.
Sun also contends that by restricting one of the largest holders from selling, the company allegedly influenced the token’s valuation in ways that would benefit its founders and treasury holdings.
The lawsuit also raises potential regulatory issues. Sun suggests that World Liberty’s control over token issuance and transfers could classify it as a money transmitter under U.S. financial regulations.
Additional claims include threats from company leadership, including warnings about burning Sun’s tokens and reporting him to authorities over alleged compliance issues.
Sun says he attempted to resolve the dispute amicably and is seeking fair treatment comparable to other early investors. World Liberty Financial has declined to comment publicly on the ongoing legal battle.
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